News

Reuters – AMB Property Corp has struck a deal to acquire rival ProLogis in one of the biggest real-estate deals since the financial crisis, creating the largest U.S. owner of warehouse and distribution centers.

Reuters – U.S. consumer spending in August rose at the fastest in nearly 8 years, but a weak labor market and the manufacturing sector’s below forecast growth in September could hamper a nascent economic recovery

WASHINGTON (Reuters) – Jim Yong Kim, the U.S. nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, U.S. Treasury Secretary Timothy Geithner said in an interview

NEW YORK (Reuters) – BATS Global Markets, the U.S. exchange operator that withdrew its public offering Friday after a computer glitch sent its newly-issued stock into a tailspin, should develop a “credible IPO plan” and go through with it in the second quarter, its founder and current director said. BATS’ own stock was to be its first listing.

Reuters – U.S. mortgage applications surged last week, with demand rising to its highest level since late-May as consumers sought to take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday.